Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 11 days ago
- Bias Distribution
- 50% Center


Gangwal to Sell 3.4% IndiGo Stake on May 27
IndiGo co-founder Rakesh Gangwal and the Chinkerpoo Family Trust are set to sell up to a 3.4% stake in InterGlobe Aviation through a block deal scheduled for May 27, valued at approximately Rs 6,831 crore (about $803 million) at a floor price of Rs 5,175 per share, a 4.5% discount to the prior close. The transaction is entirely secondary with no new share issuance and includes a 150-day lock-up period for most vendors, except for possible negotiated block trades above $300 million. Gangwal, who has reduced his stake from over 36% two years ago to around 13.5% currently, began divesting after a dispute with co-founder Rahul Bhatia and his 2022 board resignation. This latest sale follows prior major stake reductions by the family trust in 2022 and 2023. IndiGo remains India's largest airline, maintaining over 60% domestic market share and expanding internationally under CEO Pieter Elbers. The deal is being managed by Goldman Sachs, Morgan Stanley, and JP Morgan.


- Total News Sources
- 2
- Left
- 1
- Center
- 1
- Right
- 0
- Unrated
- 0
- Last Updated
- 11 days ago
- Bias Distribution
- 50% Center
Negative
20Serious
Neutral
Optimistic
Positive
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